๐ฅ ๐ฃ๐จ๐ ๐ฃ ๐ง๐ผ๐ธ๐ฒ๐ป ๐ฅ๐ฎ๐น๐น๐ถ๐ฒ๐ ๐ญ๐ฒ% ๐ฃ๐ฟ๐ฒ-๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐๐ณ๐๐ฒ๐ฟ $๐ฒ๐ฌ๐ฌ๐ ๐ฆ๐ฎ๐น๐ฒ
โ The new Pump token surged 16% in premarket trading after Pump.fun wrapped up a $500M onโchain sale in just 12 minutes, plus another $100M raised on centralized exchanges.
๐ Price moved to about $0.0067, up from the ICO price of $0.004, as traders positioned ahead of full market launch.
โ๏ธ Key details:
Sale offered 12.5% of total supply
Trading paused until tokens are fully distributed (estimated 48โ72 hours)
Transfers and full trading to open afterward
๐ Some traders are hedging: data from Spot On Chain shows shorting PUMP now and closing after receiving tokens could lock in up to 40% profit (up to ~$400K per trader).
๐ง Bybit oversubscription:
Bybit blamed an API delay that led to oversubscription; refunds will be issued to users who didnโt get allocations.
๐ ๏ธ Extra:
Pump.fun recently bought wallet tracker Kolscan to add social and gamified features, boosting community interest.
๐ก Bottom line:
A lightningโfast $600M raise and early price spike show big demand โ but full trading launch may bring sharp volatility.
#pump #TradingStrategyMistakes #BTCBreaksATH #ETHBreaks3k #BinanceTurns8